- Santee · San Diego County, California
Alta Crest Santee
A 14-home residential development on 19.47 fully entitled acres — and a private investment opportunity in one of Southern California’s most supply-constrained housing markets.
A
Accredited investors
Income and solid IRR objectives, minimum investment of $100,000.
B
Qualified property buyers
Pre-construction acquisition — a limited number of homes available.
Targets only. Not guaranteed. All investments involve risk, including loss of principal, and are subject to definitive offering documents.
Opportunity at a Glance
Entitlement risk is largely behind the site. What remains is execution.
The key facts behind the Alta Crest Santee development — condensed into the numbers that matter to investors and qualified buyers.
14 single-family homes on Large View Lots
Santee, CA / San Diego County
19.47 acres, Bordering Dedicated Natural Preserve
Acquire site, develop, build, and sell
Approximately 24 months
3–4 months to groundbreak
Santee – High Demand Residential Community
Shovel-ready development site
Why this project
A rare approved infill site in an undersupplied Seller’s market with growing demand for Homeownership
01
Rare approved infill
An approved residential infill site in a structurally supply-constrained Southern California submarket.
02
Fully entitled
Map for 14 homes with approved grading and site plans. Shovel-ready within 3–4 months of close.
03
Proven price band
Upper-middle-class area with homes trading between $900K and $2.5M.
04
High-demand product
2,300–3,200 s.f. homes on 10,000 s.f. view lots with a natural preserve backdrop.
05
Strong comps
Sales prices starting at $1.28M, with comparable homes averaging under 30 days on market.
06
Clear exit
Build-to-sell strategy with completed-home disposition as the primary exit path.
Private invite only
A limited number of homes is reserved for early investor buyers.
The execution plan
Five phases, one accountable team.
Five disciplined phases — each with defined milestones — taking the project from shovel-ready to full disposition.
Acquisition and project control
Close escrow, finalize the structure and budget, and engage the project consultant team.
Development and permitting
File the final map, finalize engineering, architectural plans and grading, and process permits.
Site preparation
Horizontal improvements, utilities and infrastructure, walls, fire zones, stormwater and street improvements — delivering final buildable lots.
Construction execution
Vertical construction in two phases with in-house project management and quality control.
Home sales and exit
Marketing and closings, return of capital, distributions, and project completion.
Meet the Project Team
Built by a team with 25+ years of development, brokerage, and construction experience
GreenBuild Communities LLC leads the project together with a highly experience team of Project Engineers, Architects, Consultants, and Contractors to deliver homeownership opportunities to San Diego families. Together, the team controls the full project lifecycle — from land acquisition and permitting through build and sale.
Alex Lisnevsky — developer, broker, contractor, and entrepreneur — brings over 25 years of relevant experience across Southern California residential development.
Alex Lisnevsky
Developer · Broker · Contractor
- Completed
26-home infill community in East San Diego
- Completed
7-Home Hillside community with view lots
- Completed
Condo project in Coastal San Diego
- Under construction
10-home community of starter homes.
Investment Structure Preview
Preferred return plus project profit participation
The structure is designed to align investor priority with sponsor accountability: investors are paid their preferred return and capital back first, then remaining profit is shared. Exact terms are finalized in the definitive offering documents.
Investors receive a preferred return on their capital before the sponsor participates in additional profit.
Investor capital and accrued preferred return are returned before any additional profit participation occurs.
After the preferred return and capital return, remaining project profit is shared per the definitive agreement.
Exact tiers, waterfalls, target returns, and sponsor promote are confirmed by counsel and disclosed in the offering documents.
Note
Target returns are estimates only, not guaranteed, and subject to risk and definitive offering documents.
Risks & Investor Fit
An honest assessment of what this investment is — and isn't
We want investors who understand the risk profile. This is speculative development capital, not a liquid or guaranteed investment.
This is illiquid, speculative development capital. You should be prepared to hold the investment for the full project duration.
As with any real estate development, there is a risk of partial or total loss of invested principal.
This opportunity is not appropriate for funds you may need for near-term liquidity or immediate obligations.
A fuller risk summary and definitive offering documents will be provided to qualified investors during the access process.
Frequently Asked Questions
Questions before you request access.
Two paths. Accredited investors seeking income and IRR participate with a minimum of $100,000. Qualified property buyers/investors may pursue a pre-construction acquisition of one of a limited number of homes.
$100,000 for the accredited investor path. Pre-construction home acquisitions are structured separately and by private invitation.
The business plan contemplates approximately 24 months from acquisition through final home closings. Timing is an estimate, not a commitment.
At a high level: a preferred return plus participation in project profit, with return of investor capital and accrued preferred return before additional profit participation. Definitive documents govern.
Specific tiers, waterfalls, target returns and sponsor promote are released in the investor package once confirmed by counsel. Any figure shown is a target only and is not guaranteed.
Build-to-sell. The primary exit is the sale of completed homes to retail buyers, supported by comps averaging under 30 days on market.
This is illiquid, speculative development capital. Entitlement, permitting, construction cost, schedule, financing and housing-market risk all apply, and loss of principal is possible.
Request investor access. Verified investors receive the investor package, the detailed sponsor track record, and a private project review with the sponsor.